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taxes. this year raising taxes $600 billion. but there was never an agreement as part of the sequester or the budget control act to raise taxes so that's where we have a lawyer at. this is the problem so in the debate and i remember sitting up when the president guaranteed the american people that the sequester wouldn't hap but it is happening. it's happeningright now. it's infil all. the house has proposed a budget that eliminates the cuts on the defense department but finds other cuts in the government to replace them with. the president is saying he wants to eliminate the sequester. he apparently indicates that he does, that he wants to do that raising taxes and that is a nonstarter. under the current debt path we are increasing spending every year. the difficulty as i pointed out before our committee so many times is half of the reductions in spending and in the sequester follow in defe which lyup onixt entour rn so that is a disproportionate cut. as you talk to congress about the difficulties, i suggest that you go to 1600 pennsylvania avenue and talk to the president, the command
control act agreement to raise taxes. the president did raise taxes $600 billion, there was never an agreement to raise taxes. so that's where we've got a loggerhead. this is the problem. at the end of debate i remember when the president guaranteed the american people sequester wouldn't happen. but it is happening. it's happening right now in the law. the house has proposed a budget that eliminates cuts on the defense department, besides other cuts to replace them when. the president is saying he wants to eliminate the sequester are apparently indicates he does, but he wants to do it raising taxes and that is a nonstarter. under our current day, we increase spending every year. the difficulty is that pointed out before our committee so many times is half the reductions in spending and sequester file on the defense department come which only make ucmj six of the spending in our government. that is a disproportionate cut. as you talk to congress about the disabilities, i suggest you go to 1600 pennsylvania avenue and talk to the president, commander-in-chief. i am very worried beca
request is woefully late and full of gimmicks, tax increases, generally unhelpful, but we will persevere. let me begin by taking the opportunity to thank the members of the military for their service, their sacrifice that you are representing here today. as this subcommittee has done in the past, we want to reaffirm our commitment to providing our war fighters with the tools, the training, the equipment and the support necessary to carry out vital security missions throughout the world. appreciation for the members of the military and their service can't be overstated. with continued instability in the middle east and northern africa, to the evolving challenges in the asia pacific region, especially north korea, there's no question that those who serve under our flag these days are doing so during a very critical period in our history. world events often remind us that our country, our freedom, our way of life remain a constant risk and we must take measured steps to protect the values that we hold. in this volatile world, increasingly, we are facing enemies both foreign and domestic. we
in cyberspace, and are widely believed already to be responsible for some such a tax. china and russia possess formidable capabilities for cyber theft, such as the theft of valuable intellectual property as well as the more traditional areas of espionage, such as spying on our military weapon systems, plans and capabilities. china in particular appears to observe no limit of the theft of american commercial technology. that's cyber theft as a threat that cannot be tolerated. i hope we'll hear from our witnesses about the extent of the problem, and the steps that we can and should take to counter it. the asia-pacific region, another round of belligerence from the dictatorial regime in north korea has caused concern here in the united states, and among our allies in the pacific. that regime has announced its intention to resume a plutonium production, has tested a nuclear device in february that appears to have had a greater yield than previous tests. and has threatened at any time to launch a missile that uld further exacerbatenons. we have read about conflicting intelligence assessments, north
and then eliminate the deficit through two ways. one is increasing the amount of revenue coming through tax policy, or reduce the amount of expenditures by cutting back on expenses and spending or some combination of those two. i believe that the most credible way is through what we call a balanced approach. >> john boehner, republican speaker of the house, emphasizes that spending cuts are the most important and effective way to solve the debt problem. >> republicans want to solve this problem by getting the spending line down. the chart depict what i have said for long time. washington has a spending probleatixed withax incaseslone. he wants to keep chasing higher spending with higher taxes. this chart will look a lot worse. our kids and our grandkids are the ones who are going to because washington was too shortsighted to fix the problem. >> the younger generation will suffer from this issue in the future. >> if we don't solve the national debt problem, eventually they're going to cut more government services, and one of the cuts will be education. >> we should invest in education. it has to be
Search Results 0 to 4 of about 5

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